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Stocks Fall as Hormuz Standoff Drives Oil Higher: Markets Wrap

This content was published on (Bloomberg) — A flare-up in tensions over the Strait of Hormuz sent stocks lower as oil rose on concern that a prolonged closure of the waterway could worsen energy disruptions, boosting inflation and slowing economic growth.

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UBS AT1 Investors Get a Win After Swiss Put Reforms on Ice

This content was published on (Bloomberg) — As UBS Group AG blasted the Swiss government’s plans on tougher banking rules, holders of its riskiest bonds celebrated thanks to one sentence in the announcement.

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Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Risk

This content was published on (Bloomberg) — A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers.

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S&P 500 Climbs to All-Time Highs; Tesla Jumps Late: Markets Wrap

This content was published on (Bloomberg) — Stocks climbed to all-time highs as a slew of strong corporate results and President Donald Trump’s extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied.

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UBS Faces $20 Billion Hike in Capital Needs as Swiss Split Grows

This content was published on (Bloomberg) — The Swiss government outlined plans that would add billions of dollars to UBS Group AG’s capital requirements, deepening a showdown with the lender over its proposed banking reforms.

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UBS Sees $4 Billion Capital Impact From Swiss Executive Order

This content was published on (Bloomberg) — UBS Group AG estimated that the now-decided element of new Swiss banking rules will reduce company-wide CET1 capital by $4 billion once fully implemented, as it renewed its critique of the overall reform package.

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Switzerland Set to Soften Some UBS Capital Rules, TP Reports

This content was published on (Bloomberg) — The Swiss government is set to present softened bank capital rules later today, according to the news portal Tippinpoint, in a move that would reduce the expected impact for UBS Group AG.

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Goldman Sachs’ Alternatives Arm Buys Stake in Swiss AI Firm BLP

This content was published on (Bloomberg) — A unit of Goldman Sachs Asset Management invested $50 million in BLP Digital, a Swiss artificial intelligence company that helps companies automate financial processes such as invoicing and internal reporting.

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Barclays, Lloyds, UBS Among Banks Picked by UK FCA for AI Tests

This content was published on (Bloomberg) — Barclays Plc, Lloyds Banking Group Plc and UBS Group AG are among the latest group of lenders in the UK authorized to develop and test out real-world artificial intelligence applications, according to the Financial Conduct Authority.

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Stocks Fall, Oil Jumps on Doubts Over Peace Deal: Markets Wrap

This content was published on (Bloomberg) — A rally in oil drove stocks lower as a turbulent weekend in the Middle East cast doubt on prospects for peace talks between the US and Iran before their fragile ceasefire deal expires.

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War Revives Stagflation Dangers for Global Economy

This content was published on (Bloomberg) — The cumulative global impact of seven weeks of war in the Middle East will begin to emerge in the coming week, in a second round of business surveys from multiple countries.

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China Calls On Swiss Firms to Step Up Investment, Cooperation

This content was published on (Bloomberg) — China Vice Commerce Minister Ling Ji urged Swiss companies to increase investment and cooperation with the Asian nation, highlighting opportunities under its 15th Five‑Year Plan.

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Wall Street Extends April Surge on Peace Prospects: Markets Wrap

This content was published on (Bloomberg) — Speculation the Iran war is poised to end sent risky assets surging anew, extending a month-long rally that’s lifted the S&P 500 Index to a succession of records, added around $12,000 to the price of Bitcoin and pushed up credit and gold.

Read more: Wall Street Extends April Surge on Peace Prospects: Markets Wrap

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